Acquisition of External Markets

Acquisition of external markets — external marketing is one of the sub-activities of activity 2.3.1.1 “Acquisition of external markets” of the measure 2.3.1 “Entrepreneurship support activities” of the priority 2.3 “Entrepreneurship promotion” of the extension of the European Regional Development Fund (ERDF) action programme “Entrepreneurship and innovations”.

The aim of the programme is to support activities related to entering foreign markets — external marketing abroad — and measures that help businesses enter international delivery chains and encourage the participation of Latvian businesses in international expositions and trade missions.

This action programme is subject to the Cabinet Regulations No. 582 of 17 June 2009 “Regulations on the sixth and subsequent stages of sub-activity 2.3.1.1.1 “Acquisition of external markets — external marketing” of the extension of the programme “Entrepreneurship and innovations””.

JSC Olainfarm is continuously investing in the research and development of new products and services, therefore it is important for the company to enter international markets, promote international relations, and improve the export results and overall financial results of the company. One of important ways of how to reach this goal is participation in international exhibitions and conferences.

On April 16 2012, JSC Olainfarm entered into an agreement No. L-ĀTS-12-0936 with the Investment and Development Agency of Latvia on the implementation of the project “Participation of JSC Olainfarm at the international exhibition CPhI Worldwide 2011”, co-financed by the European Regional Development Fund.

JSC Olainfarm in cooperation with the Association of Latvian Chemical and Pharmaceutical Industry (ALCPI)) within project “Latvian Chemical and Pharmaceutical Industry Association of external marketing activities – participation in international exhibition” CPhI Japan 2012 “” took a part in the international exhibition “CPhI Japan 2012”.

On 10 May 2013, JSC Olainfarm entered into an agreement No. L-ĀTS-13-1377 with the Investment and Development Agency of Latvia on the implementation of the project “Participation of JSC Olainfarm at the international exhibition in Brazil”, co-financed by the European Regional Development Fund.

On 2 July 2013, JSC Olainfarm entered into an agreement No. L-ĀTS-13-1532 with the Investment and Development Agency of Latvia on the implementation of the project “Participation of JSC Olainfarm at the international exhibition in Spain”, co-financed by the European Regional Development Fund.

On 25 March 2014, JSC Olainfarm entered into an agreement No. L-ĀTS-14-2013 with the Investment and Development Agency of Latvia on the implementation of the project “Participation of JSC Olainfarm at the international exhibition in Germany”, co-financed by the European Regional Development Fund.

JSC Olainfarm cooperated with the Association of Latvian Chemical and Pharmaceutical Industry (ALCPI) in the implementation of the project “Trade mission to Germany organised by the Association of Latvian Chemical and Pharmaceutical Industry”. On 23 April 2014, the Association of Latvian Chemical and Pharmaceutical Industry concluded an agreement No. L-ĀTA-14-2034 with the Investment and Development Agency of Latvia on the implementation of the project “Trade mission to Germany organised by the Association of Latvian Chemical and Pharmaceutical Industry”, co-financed by the European Regional Development Fund.

On 13 August 2014, JSC Olainfarm entered into an agreement No. L-ĀTA-14-2316 with the Investment and Development Agency of Latvia on the implementation of the project “Participation of JSC Olainfarm at the international exhibitions in Japan and France”, co-financed by the European Regional Development Fund. The participation at exhibitions is important for JSC Olainfarm in order to expand the export markets and consolidate the production sales, by attracting new partners and strengthening the ties with the existing ones.

On 27 March 2015, JSC Olainfarm entered into an agreement with the Investment and Development Agency of Latvia on the implementation of the project “Participation of JSC Olainfarm at the international trade mission in Turkmenistan (Ashkhabad)”, No. L-ĀTA-15-2689, co-financed by the European Regional Development Fund.

On 24 March 2015, JSC Olainfarm submitted an application at the Investment and Development Agency of Latvia for the European Union fund project “Registration of JSC Olainfarm products for trading in the Republic of Kosovo and in the Federation of Bosnia and Herzegovina”, which was assigned an identification No. ĀTA/2.3.1.1.1/15/73/039. The project aims to certify products of JSC Olainfarm for trading and distribution in the Republic of Kosovo and Federation of Bosnia and Herzegovina. On 18 June 2015, JSC Olainfarm entered into an agreement with the Investment and Development Agency of Latvia on the implementation of the project “Registration of JSC Olainfarm products for trading in the Republic of Kosovo and in the Federation of Bosnia and Herzegovina” No. L-ĀTA-15-2958, co-financed by the European Regional Development Fund. The total costs of the project amount to EUR 39,430.79, of which 17,500.00 EUR is ERDF support financing.

On 3 August 2015, JSC Olainfarm entered into an agreement No. L-ĀTA-15-3133 with the Investment and Development Agency of Latvia on the implementation of the project “Participation of JSC Olainfarm at the international trade mission in Karachi (Pakistan)”, co-financed by the European Regional Development Fund. The total costs of the project amount to EUR 2,253.17, of which 1,577.21 EUR is ERDF support financing.

On 22 September 2015, JSC Olainfarm submitted an application at the Investment and Development Agency of Latvia for a project of the European Union funds “Participation of JSC Olainfarm at international exhibitions in Spain and Russia”, with the identification No. ĀTA/2.3.1.1.1/15/79/065. The aim of the project is to promote recognisability of JSC Olainfarm and its products, to develop co-operation with potential European and CIS clients, by promoting sales of products and increased exports.

On 2 December 2015, JSC Olainfarm concluded an agreement No. L-ĀTA-15-3593 with the Investment and Development Agency of Latvia on the implementation of the project “Participation of JSC Olainfarm at international exhibitions in Spain and Russia”, co-financed by the European Regional Development Fund.